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Microcap & Penny Stocks : AMERICAN BIOMED, Minimally Invasive Technology (ABMI) -- Ignore unavailable to you. Want to Upgrade?

To: Dr David Summers who wrote (1142)	6/4/1998 4:36:00 PM
From: Jeffrey L. Henken	Read Replies (1) \| Respond to of 2887

You remember that lawsuit you got the company involved in when you thought USS was going to buy American Biomed but did not? I think that was the final settlement. Sorry Dave but it's your messes that the current management is still clearing up.

To: Dr David Summers who wrote (1142)	6/4/1998 4:39:00 PM
From: greg Benfield	Respond to of 2887

My wife and I cannot answer that one. You see she is my only partner. I have never received a dime from this company. I am an investor who is just tired of seeing my investment being screwed with by unscrupulous people whose services with the company have long since been terminated for reasons that should be obvious to all of us. Dr. Summers, you have been paid by this company...were you in charge when the company selected who would bring them public? Were you the one that let that company who basically shorted the companies shares screw your investors. You have a lot more to answer too.

To: Dr David Summers who wrote (1142)	6/4/1998 5:28:00 PM
From: Jeffrey L. Henken	Respond to of 2887

>Maybe you or your partner in shared commissions would explain the 110,990 shares issued for "expenses" in the latest 10K? (pg.41)< Gee Dave I think I'm right about that lawsuit. But lets say I'm wrong. I don't know anyone who is being paid by American BioMed but their employees. I know I'm not one of them and I'm even happier that you're not anymore. sec.gov <PAGE> 41 AMERICAN BIOMED, INC. AND SUBSIDIARIES (A DEVELOPMENT STAGE ENTERPRISE) CONSOLIDATED STATEMENTS OF CHANGE IN STOCKHOLDERS' EQUITY (DEFICIT) <TABLE> <CAPTION> DEFICIT ACCUMULATED PREFERRED STOCK COMMON STOCK ADDITIONAL DURING THE TREASURY STOCK ---------------- -------------------- PAID-IN DEVELOPMENT -------------------- SHARES PAR SHARES PAR CAPITAL STAGE SHARES COSTS -------- ----- ---------- ------- ----------- ------------ -------- --------- <S> <C> <C> <C> <C> <C> <C> <C> <C> Issuance of $1 par value common stock on September 4, 1984................ 1,000 $ 1,000 Redemption of $1 par value common stock............................... (1,000) (1,000) Issuance of $.001 par value common stock............................... 1,000,000 1,000 Issuance of $.001 par value common stock at fair market value of services rendered............................ 100,000 100 $ 19,900 Issuance of Series A preferred stock............................... 156,250 $ 156 499,844 Issuance of common stock pursuant to a three-for-one stock split subsequent to December 31, 1990, retroactively applied............................. 2,200,000 2,200 (2,200) Redemption of common stock pursuant to a one-for 2.325 reverse stock split subsequent to December 31, 1990, retroactively applied............... (1,880,645) (1,881) 1,881 Issuance of $.001 par value common stock in connection with Bridge Notes............................... 182,000 182 45,318 Issuance of stock purchase warrants... 100,000 Sale of common stock, net of offering costs............................... 800,000 800 3,059,472 Conversion of Series A preferred stock............................... (156,250) (156) 223,214 223 (67) Conversion of $255,000 principal amount of debenture................. 63,750 64 254,936 Exercise of underwriter's over allotment option, net of offering costs............................... 111,700 112 483,367 Issuance of $.001 par value common stock in connection with acquisition of Freedom Machine, Inc............. 60,000 60 206,940 Conversion of $385,000 principal amount of debentures................ 96,250 96 384,904 Issuance of $.001 par value common stock in connection with acquisition of Cathlab Corporation.............. 450,000 450 2,024,550 Issuance of $.001 par value common stock in connection with acquisition of VMS, Inc......................... 27,777 28 124,971 Issuance of $.001 par value common stock in connection with 6% promissory notes.................... 58,576 59 263,533 Issuance of $.001 par value common stock in connection with purchase of assets of SuperStat, Inc............ 18,182 18 81,801 Issuance of $.001 par value common stock in connection with a $500,000 loan from a bank.................... 79,365 79 357,064 Issuance of $.001 par value common stock in connection with Therex settlement.......................... 58,823 59 499,941 Issuance of Series B preferred stock, net of offering costs............... 287,500 288 2,545,858 Exercise of stock purchase warrants... 678,717 679 2,800,341 Issuance of $.001 par value common stock in connection with Therex settlement.......................... 77,000 77 (77) Issuance of $.001 par value common stock in connection with consulting agreement........................... 50,000 50 174,950 Exercise of stock options............. 166,880 167 38,795 Reacquire $.001 par value common stock originally issued in connection with Therex settlement................... (135,823) (500,000) <CAPTION> TOTAL ------------ <S> <C> Issuance of $1 par value common stock on September 4, 1984................ $ 1,000 Redemption of $1 par value common stock............................... (1,000) Issuance of $.001 par value common stock............................... 1,000 Issuance of $.001 par value common stock at fair market value of services rendered............................ 20,000 Issuance of Series A preferred stock............................... 500,000 Issuance of common stock pursuant to a three-for-one stock split subsequent to December 31, 1990, retroactively applied............................. Redemption of common stock pursuant to a one-for 2.325 reverse stock split subsequent to December 31, 1990, retroactively applied............... Issuance of $.001 par value common stock in connection with Bridge Notes............................... 45,500 Issuance of stock purchase warrants... 100,000 Sale of common stock, net of offering costs............................... 3,060,272 Conversion of Series A preferred stock............................... Conversion of $255,000 principal amount of debenture................. 255,000 Exercise of underwriter's over allotment option, net of offering costs............................... 483,479 Issuance of $.001 par value common stock in connection with acquisition of Freedom Machine, Inc............. 207,000 Conversion of $385,000 principal amount of debentures................ 385,000 Issuance of $.001 par value common stock in connection with acquisition of Cathlab Corporation.............. 2,025,000 Issuance of $.001 par value common stock in connection with acquisition of VMS, Inc......................... 124,999 Issuance of $.001 par value common stock in connection with 6% promissory notes.................... 263,592 Issuance of $.001 par value common stock in connection with purchase of assets of SuperStat, Inc............ 81,819 Issuance of $.001 par value common stock in connection with a $500,000 loan from a bank.................... 357,143 Issuance of $.001 par value common stock in connection with Therex settlement.......................... 500,000 Issuance of Series B preferred stock, net of offering costs............... 2,546,146 Exercise of stock purchase warrants... 2,801,020 Issuance of $.001 par value common stock in connection with Therex settlement.......................... Issuance of $.001 par value common stock in connection with consulting agreement........................... 175,000 Exercise of stock options............. 38,962 Reacquire $.001 par value common stock originally issued in connection with Therex settlement................... (500,000) </TABLE> You know Dave I spent four long hard years at Creighton getting my dental degree. The first two years our curriculum was very much the same as the medical school's. I think you and your mail order degree are little out of your league. Maybe not, it doesn't take too much brain power to lie. Does it?